Federal Government Revenue: the Income Tax

In summary, the discussion is focused on exploring alternative systems of revenue generation for governments, specifically looking at the issue of taxation based on income. The topic is not limited to one specific country, but it is mentioned that different types of governments may require different approaches. Some suggestions for alternative revenue sources include import tariffs and sales/use taxes, but there are concerns about the potential negative effects on foreign investment. Some participants express a preference for higher personal and business taxes, with tariffs used only to keep local goods competitive. Others argue for a flat income tax with no exemptions, while some see the need for tax brackets to address income inequality. The main concern is finding a balance between government income and citizen involvement and control over government spending. However, it is acknowledged

What is your opinion on revenue generation through income taxes?

  • I like the system where a sizeable fraction (say 30% to 60%) of revenue comes from income taxes

    Votes: 7 31.8%

  • I prefer a system with a somewhat smaller role for income based taxation

    Votes: 3 13.6%

  • I prefer a system with a somewhat larger role for income based taxation

    Votes: 2 9.1%

  • I would rather there was virtually no income tax at all

    Votes: 9 40.9%

  • I would rather there was virtually no tax other than income taxes

    Votes: 1 4.5%
  • Total voters
    22
  • #141
Thread closed temporarily pending Moderation...
 

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